Onion expressions on the ground before Diwali! Prices fall by Rs 1000 in the country’s largest market
The price of onion will be reduced even if the new onion crop arrives. There will be new crop coming soon in the market. You should understand why onion prices have suddenly gone up.
Onion prices are now fast approaching the ground. The wholesale prices of onion have suddenly come down at Lasalgaon, the country’s largest onion mandi, Nashik. The onion, which was selling at Rs 6191 per quintal on Monday, has become cheaper today i.e.
Wholesale prices of fallen onions in Lasalgaon
In Maharashtra, prices of onion have dropped from Rs 6191 per quintal at Lasalgaon Mandi in Nashik to Rs 5300 per quintal today. Similarly, the other type of onion is generally rs 4100 and the bad onion is getting Rs 1500 per quintal. Retail prices will soon come down due to lower wholesale prices
Retail prices of onions to come down soon
Retail prices of onions are running between Rs 80-90 in many parts of the country. It was feared that if onion prices were not curbed now, the price would go up to Rs 100 per kilo by Diwali. But now retail prices will also come down after a sharp fall in wholesale prices.
The government has also claimed that onion prices will be controlled before Diwali. Several steps have been taken.
We tell you what steps the government has taken so far to contain onion prices, which have begun to be affected.
Onion prices plummeted because
1. In a case to keep the price of onion under control, the government had on October 23 increased the stock limit on onion to 25 tonnes.
2. Onion has also been given to states from buffer stock. NAFED has started sending 1 lakh tonnes of onion to the market,
3. NAFED has floated a tender for import of 15,000 tonnes of red onions on Saturday.
4. The government had banned its export in September itself to hold the price of onion.
5. The government on Friday exempted import of potato from Bhutan, abolished the requirement of licence and allowed import of additional 10 lakh tonnes of potato under the tariff rate quota scheme.
6. Now before the stock limit is applied, 3 days will be given for grading and packing from the date of purchase in the onion market
7. Onions are being transported to every nook and corner of the country through Kisan Rail.
8. So far 7000 tons of onions have arrived in the country. In addition, about 25000 tonnes of onion is expected to come up by Diwali.
Another major reason is that the price of onion will be reduced even if the new onion crop arrives. The new crop in the market will also come soon. You should understand why onion prices have suddenly gone up.
Why suddenly the price of onion increased
In fact, heavy rains have damaged onion crops in the fields. Whatever onion is coming into the market is of the yield of March and April. Above all, the influx of onion in the wholesale markets has also decreased. The arrival of onion in Pune’s wholesale market has come down from 500 trucks to 150 trucks per day. That is, on normal days where 500 trucks were reaching every day. Now only three-fourths of the arrivals are coming.
1. Onion is a seasonal crop produced two to three times a year in India.
2. Onions grown by the end of March meet demand by the end of October and early November.
3. In the middle of august, fresh onion crop comes from southern states.
4. By mid-October, the initial crop of kharif onion also starts reaching the markets
5. By mid-November, kharif crop yields fall in the late Kharif season.
6. This year, the erratic monsoon broke this cycle.
7. Heavy rains damaged nearly 50 per cent of kharif crops in southern states including Andhra Pradesh, Telangana and Karnataka.
8. This worsened the buying and selling equation not only of Pune’s wholesale market, but also in Lasalgaon in Nashik